Federal prosecutors have decided to retry Gregory Reyes for securities fraud related to stock option backdating, say three lawyers familiar with the matter. A jury convicted the former Brocade CEO in 2007, but the 9th Circuit threw out the verdict this year. Before the 9th Circuit weighed in, Reyes was the government's biggest catch in its anti-backdating efforts.
December 02, 2009 at 12:00 AM
1 minute read
Gregory Reyes isn’t out of legal trouble yet. Federal prosecutors have decided to retry Reyes for securities fraud related to stock option backdating, say three lawyers familiar with the matter.
A jury convicted the former Brocade CEO in 2007, but the 9th U.S. Circuit Court of Appeals threw out the verdict this year, citing deliberate misstatements on the part of prosecutors.
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